Exclusive: Nigeria’s Access Bank nears completion of National Bank of Kenya acquisition
- Access Bank to acquire National Bank of Kenya from KCB Group pending regulatory approvals.
- The deal could be priced around $100 million based on NBK's book value.
- Access Bank's acquisition will expand its presence in Kenya and increase its branch network.
The acquisition of the National Bank of Kenya by Access Bank presents a positive opportunity for Access Bank to expand its operations in Kenya. With the potential increase in branch network and market presence, Access Bank can tap into the Kenyan market's growth potential. However, the success of the acquisition will depend on obtaining the necessary regulatory approvals and effectively integrating the acquired bank into Access Bank's operations.
